Life Light Educational Foundation
- Assets
- $1.5m
- Revenue
- $352.7k
- Investments
- $0.0
- Employees
- 2
- Location
- South El Monte, CA
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1374037
Organization Overview
Life Light Educational Foundation is located in South El Monte, CA. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Life Light Educational Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Light Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Life Light Educational Foundation generated $352.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $215.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Life Light Educational Foundation has awarded 16 individual grants totaling $227,945. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO BLIND, HANDICAPPED OR POOR STUDENTS WHO ARE UNABLE TO RECEIVE EDUCATION DUE TO FINANCIAL HARDSHIP SO THAT THEY WILL BE ABLE TO SUPPORT THEMSELVES, AND LIFTING THE BURDEN OFF SOCIETY TO CARE FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO FOREIGN EDUCATIONAL INSTITUTIONS FOR BLIND, AND HANDICAPPED STUDENTS WHO HAVE FINANCIAL HARDSHIP. INSTITUTIONS THAT RECEIVED GRANTS INCLUDE CHINA EVANGELICAL SEMINARY (TAIPEI, TAIWAN), POLLARD SCHOOL (YUNNAN, CHINA), THE TRADE SCHOOL FOR BLIND (ZHENGZHOU, CHINA), TAIWAN LIFE LIGHT FOUNDATION(TAIPEI, TAIWAN), XINSHI CULTURE (BEIJING, CHINA), AND MBC (BEIJING, CHINA).
PROVIDE FINANCIAL ASSISTANCE TO DOMESTIC EDUCATIONAL INSTITUTIONS FOR BLIND, HANDICAPPED STUDENTS HAVING FINANCIAL HARDSHIP. INSTITUTIONS THAT RECEIVED GRANTS INCLUDE SOUTHERN BAPTIST SEMINARY (FORT WORTH, TX), AND BRAILLE INSTITUTE (LOS ANGELES, CA).
PROVIDE FINANCIAL ASSISTANCE TO DOMESTIC INDIVIDUALS FOR BLIND, HANDICAPPED STUDENTS HAVING FINANCIAL HARDSHIP. SHIAU LIN LEE (SAN GABRIEL, CA), YAO ZHONG WANG (ARCADIA, CA), MING XING LI (LAS VEGAS, NV), HUI FAN LU (LAS VEGAS, NV), AND ZHI WANG RECEIVED THE GRANT IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Lei President | OfficerTrustee | 5 | $20,400 |
Robert P Lewis Vice President | OfficerTrustee | 5 | $0 |
Wei Ching Lei Secretary & Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,882 |
| Total Program Service Revenue | $0 |
| Investment income | $31,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,520 |
| Grants and other assistance to domestic individuals. | $32,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $94,699 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $489 |
| Total functional expenses | $215,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,690 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,034,482 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,468,172 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,157 |
| Total liabilities | $1,157 |
| Net assets without donor restrictions | $1,467,015 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,468,172 |
Grants Awarded
Over the last fiscal year, Life Light Educational Foundation has awarded $86,320 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: SCHOLARSHIP | $44,520 |
HUI FAN LU PURPOSE: SCHOLARSHIP | $10,900 |
BRAILLE INSTITUTE PURPOSE: SCHOLARSHIP | $10,000 |
MING XING LI PURPOSE: SCHOLARSHIP | $8,500 |
SHIAU LIN LEE PURPOSE: SCHOLARSHIP | $6,500 |
YAO ZHONG WANG PURPOSE: SCHOLARSHIP | $5,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Light Educational Foundation has recieved totaling $77.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |